Audi Q2 confirmed for 2016

Audi must have had a pretty good Christmas as the company has announced plans to invest more than $3.2 (€3) billion into an assortment of projects next year.

Nearly half of the funds will be invested into the Ingolstadt and Neckarsulm plants. Audi declined to elaborate but the company confirmed 2016 will be the year of the crossover as the automaker will introduce the all-new Q2 and the redesigned Q5.

Audi CEO Rupert Stadler went on to say a “significant proportion” of the investment will go into the field of alternative drive systems. This investment will pave the way for the 2018 Q6 e-tron which was recently previewed by the e-tron quattro concept.

The new and redesigned models will become part of a growing lineup that will include 60 different automobiles by 2020.

Despite the new investments, Audi is eyeing a handful of cost reductions. The automaker was tip-lipped on specifics but Audi CFO Axel Strotbek noted the company “will not save at the expense of its future, but every investment will be carefully examined.” That being said, Audi will delay the construction of a new wind tunnel by a year.